Smallbone future in doubt
The parent company of luxury kitchen and bedroom retailers Smallbone of Devizes and Mark Wilkinson Furniture has filed a notice of intention to appoint Grant Thornton, the accountancy firm, as administrator.
The move comes just two months since Ian Gray became executive chairman of Canburg, replacing chief executive Leo Caplan. At the time Gray said the company had ‘the largest order book in our history, at £45m.’
Earlier this month it closed its Smallbone and Mark Wilkinson showrooms in Harrogate and the Mark Wilkinson store in Brentwood.
In 2014 the Business Growth Fund invested £5m in the group, purchasing a 20% stake.